Costa Rica is positioned as the second least complex country to do business in Latin America, according to the 2025 Global Business Complexity Index prepared by TMF Group.
The report analyzes 292 indicators on the business environment in 79 jurisdictions around the world.bThe criteria evaluated include legislation, regulatory compliance, accounting procedures, tax regimes, labor standards, and payroll processes.
Costa Rica ranks 22nd worldwide, which represents an improvement compared to the previous year when it ranked 29th. Digitalization, a stable political environment, and tax incentives in free trade zones have helped improve the country’s position and strengthened its attractiveness as a destination for foreign investment.
Significant progress
“We have seen significant progress thanks to infrastructure modernization and government measures that facilitate the operation of foreign companies, strengthening the confidence of investors and business partners. Continued investment in strategic corridors, the existence and promotion of renewable energy sources, and free trade zones are driving market diversification,” said Adrián Owen, Director of TMF Group for Central America.
However, challenges have also been identified, such as the appreciation of the colón, bureaucracy, and talent gaps and competition in some sectors.
Despite these obstacles, Costa Rica maintains a solid and resilient foundation that continues to attract foreign investment and foster a competitive and secure business environment, according to Owen.
The Cayman Islands, Denmark, New Zealand, Hong Kong, and Jersey are the least complex territories in the world to do business. In contrast, Greece, France, Mexico, Turkey, and Colombia are the most complex business areas.
